820 W 9th St
TempeAZ85281
Cheap Homes for Rent in Tempe, AZ from $600 (94 Rentals)
Search the lowest-cost Homes available for rent right now in Tempe.
1207 E Loyola Dr
TempeAZ85282
1939 E Concorda Dr
TempeAZ85282
1939 E Concorda Dr
TempeAZ85282
1630 E 12th St
TempeAZ85281
804 W Colgate Dr
TempeAZ85283
120 E Rio Salado Pkwy, Unit 201
120 E Rio Salado Pkwy
TempeAZ85281
1630 E 12th St
TempeAZ85281
907 E Broadmor Dr
TempeAZ85282
1111 E University Dr, Unit #237
1111 E University Dr
TempeAZ85288
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1215 E Lemon St, Unit Lemon L
1215 E Lemon St
TempeAZ85281
1218-1238 4th St
TempeAZ85281
4514 E Riverside St
PhoenixAZ85040
6125 E Indian School Rd, Unit 270
6125 E Indian School Rd
ScottsdaleAZ85251
1415 S Terrace Rd
TempeAZ85281
4200 E Raven Rd
PhoenixAZ85044
1214 S Roosevelt St, Unit B
1214 S Roosevelt St
TempeAZ85281
1425 N 85th Pl
ScottsdaleAZ85257
1368 W 14th St, Unit Room 3 Full Private Bath
1368 W 14th St
TempeAZ85281
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$1,0502 Bedroom Apartments Available Now
1315 W 5th St
1315 W 5th StTempe, AZ 85281
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1241 N 48th St
PhoenixAZ85008
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$1,0952 Bedroom Apartments Available Now
1050 W University Dr, Unit 202
1050 W University DrMesa, AZ 85201
149 N Phyllis
MesaAZ85201
5525 E Thomas Rd
PhoenixAZ85018
6627 S 44th St
PhoenixAZ85042
313 E Riviera Dr
TempeAZ85282
700 W University Dr, Unit 125
700 W University Dr
TempeAZ85281
2019 N 49th St
PhoenixAZ85008
103 W Hu Esta Dr
TempeAZ85282
1343 W 3rd St
TempeAZ85281
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
8020 E Thomas Rd
ScottsdaleAZ85251
200 E Southern Ave
TempeAZ85282
4724 E Portland St
PhoenixAZ85008
1241 N 48th St, Unit Apt 210
1241 N 48th St
PhoenixAZ85008
1978 E Don Carlos
TempeAZ85281
4830 E Willetta St, Unit 8
4830 E Willetta St
PhoenixAZ85008
1325 E Don Carlos Ave
TempeAZ85281
200 E Southern Ave, Unit 155
200 E Southern Ave
TempeAZ85282
313 E Riviera Dr
TempeAZ85282
6637 E Cheery Lynn Rd
ScottsdaleAZ85251
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1007 N Scovel St
TempeAZ85288
330 S Beck Ave
TempeAZ85281
818 S Westwood
MesaAZ85210
4522 E Pueblo Ave
PhoenixAZ85040
1201 S McClintock Dr
TempeAZ85281
908 W 2nd St
TempeAZ85281
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$1,2992 Bedroom Apartments Available Now
1332 N Miller Rd, Unit A
1332 N Miller RdTempe, AZ 85288
731 W University Dr
TempeAZ85281
5525 E Thomas Rd, Unit I3
5525 E Thomas Rd
PhoenixAZ85018
2134 E Broadway Rd
TempeAZ85282
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Tempe, AZ Local Guide
How much does it cost to rent a home in Tempe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tempe 2 Bedroom Homes for Rent | $2,046 | $995 | $6,800 |
| Tempe 3 Bedroom Homes for Rent | $2,898 | $895 | $10,000+ |
| Tempe 4 Bedroom Homes for Rent | $3,558 | $1,000 | $10,000+ |
| Tempe 5 Bedroom Homes for Rent | $4,983 | $2,495 | $10,000+ |
| Tempe 6 Bedroom Homes for Rent | $3,731 | $699 | $4,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Tempe
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Tempe, AZ Local Guide
- Tempe Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Tempe, AZ
Pricing Updated: 06/14/2026Current apartment rentals in the Tempe, AZ area range in price from $699 to $11,000 with an overall median price of $4,941. The three Tempe neighborhoods with the lowest median rent pricing are Apache at $850, Alameda at $699, and The Lakes at $775. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Tempe Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Apache | $3,495 | $850 | 35 |
| Alameda | $4,495 | $699 | 158 |
| The Lakes | $4,497 | $775 | 70 |
| Guadalupe | $5,000 | $895 | 9 |
| South Tempe | $5,000 | $895 | 72 |
| West Chandler | $5,200 | $1,600 | 54 |
| Tally Ho Farms Raintree | $6,900 | $1,600 | 19 |
Cheapest Available Tempe Apartments for Rent
The cheapest available apartment rental in Tempe, AZ is a Studio unit found at Vista Village on Van Buren in the South Phoenix neighborhood priced from $699. Manhatton in the South Phoenix neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Tempe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vista Village on Van Buren | Studio | Studio,1BA | $699 |
| Manhatton | 1/1 | 1BR,1BA | $750 |
| Valencia Park | Sonoma | Studio,1BA | $800 |
| The Link Apartments | One Bedroom West - Classic | 1BR,1BA | $814 |
| Papago Vista | Junior One Bedroom | 1BR,1BA | $850 |
| Terrasol | A1 | 1BR,1BA | $855 |
| Eastridge Apartments | Studio | Studio,1BA | $855 |
| University Pointe Apartments | Studio | Studio,1BA | $899 |
| The Flats | A2 | 1BR,1BA | $899 |
Best Value Apartments for Rent in Tempe, AZ
As of June 14, 2026 the best value apartment in the Tempe area is the $0.48 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $899. The second greatest value Tempe apartment is the D3 Model at Canvas starting at $1,249 with a $0.92 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Tempe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.48 |
| Canvas | D3 | 4BR,4BA | $0.92 |
| The District on Apache | 3x3 Luxe | 3BR,3BA | $0.89 |
| Villas at Papago | Two Bedroom Villas | 2BR,1BA | $0.95 |
| Rise Valley Heights | B1 Bronze | 2BR,2BA | $1.26 |
| SoL | 2BR/2BA - Platinum | 2BR,2BA | $1.18 |
| Sago Gardens | Single Story | 2BR,1BA | $1.21 |
| 6125 E Indian School Rd, Unit 220 | 6125 E Indian School Rd | 1BR,1BA | $1.21 |
| Gateway at Tempe | 2x2 L Renovated | 2BR,2BA | $1.26 |
| 35 N May, Unit 102 | 35 N May | 1BR,1BA | $1.31 |
A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleExpert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Tempe, AZ
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Tempe, AZ Rentals by Map
See the most popular apartments and homes in Tempe, AZ
Frequently Asked Questions about Tempe
What type of rentals are currently available in Tempe?
There are currently 1156 Apartments for Rent in Tempe, AZ with pricing that ranges from $699 to $29,182. There are also 657 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tempe ranging from $699 to $25,000.
What is the current price range for Rental Homes in Tempe?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Tempe ranges from $699 to $25,000 with an average monthly rent of $4,949.
How much are larger Three and Four Bedroom Rentals in Tempe?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Tempe range from $775 to $29,182, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $14,995. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $725.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).
Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.
A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.